Published on Tuesday, 15 April 2014 11:27
Written by Jayne Humphreys
Imagine the stress and expense you will leave your loved ones if you die without an up to date Will.
There are statistics around about how much wealth is likely to pass from one generation to the next over the next 20 years. It's a phenomenal amount, in the trillions. And a fantastic opportunity for the legal profession!
How so? Because most people don't have an up to date Will. They don't see the value and importance of a legally enforceable document setting out how they intend to pass on their wealth to their chosen beneficiaries.
Of those who do have a Will, most haven't looked at it for years. Some can't recall where it's located. Some might remember filling in a handwritten Will Kit from the post office a while back. Some haven't bothered with the formality at all, "I've told them what I want them to have".
You can see the lawyers rubbing their hands in glee. You can picture them strolling through car yards choosing their next luxury car. Dining out at the latest celebrity chef restaurant.
All on the back of estate litigation that comes about from not having an up to date Will.
Making a Will is not the hard part. Its the thought of not being here that's hard.
Now just imagine the stress and expense you will leave your loved ones if you die without an up to date Will.